ECB Meeting: According to the accounts of the December ECB (European Central Bank) monetary policy meeting, it was cautioned that a “higher for longer” inflation scenario could not be ruled out.
ECB Meeting
MCX Gold Price Steady at Rs 40,080 per 10 gram, Silver Slip
MCX Gold prices declined by Rs 213 to Rs 40,080 per 10 gram in the Mumbai bullion market on rupee depreciation. It, however, traded steady in the international market ahead of European Central Bank’s first policy meet of the New Year later today.
ECB Expected – Interest Rate Unchanged at 0% as Expected
“ECB expects interest rates to remain at their present or lower levels at least through the first half of 2020, and in any case for as long as necessary to ensure continued sustained convergence of inflation to its aim over the medium term.”
Gold Settles with a Loss as Investors look to the Outcome of the Fed’s Meeting
Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve’s meeting.
ECB Releases its Economic Bulletin for its July Meeting
✅ Indicators point to broad-based growth still ✅ But at a somewhat slower pace than that in 2017 ✅ Threat of protectionism remains prominent ✅ Risk of heightened market volatility needs monitoring ✅ If all threatened tariff measures are implemented, average US tariff rate would rise to highest in 50 years Nothing in …